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BINARY OPTIONS INSIGHTS FOR NOVEMBER 10TH 2015

BITCOIN 927.191 00:00 22.01
BITCOIN 925.542 23:00 21.01
BITCOIN 928.606 21:40 21.01
BITCOIN 927.834 21:20 21.01
BITCOIN 929.132 21:00 21.01
BITCOIN 926.861 20:40 21.01
BITCOIN 926.252 20:20 21.01
BITCOIN 925.464 20:00 21.01
BITCOIN 925.128 19:40 21.01
BITCOIN 925.724 19:20 21.01
BITCOIN 928.129 19:00 21.01
BITCOIN 927.638 18:40 21.01
BITCOIN 926.386 18:20 21.01
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By: Adam Stone
November 10th, 2015 7:47am GMT, London UK

Market Recap & Outlook:

ANZ job advertisements in Australia were reported at an increase of only 0.4% in October month-over-month following the downward revised increase of 3.8% for September. ANZ internet job advertisements rose by an even smaller 0.3%, but ANZ newspaper job advertisements surged 3.0%. This represented a plunge over the previous report’s increase of 4.0% in internet job advertisements while it reversed the 2.7% contraction in newspaper job advertisements.

The German trade surplus for September rose to €22.9 billion, beating expectations for an increase to €22.2 billion from August’s trade surplus of €15.4 billion. Exports rose by 2.6% month-over-month while imports posted an increase of 3.6%. This followed the previous month’s contraction of 5.2% and 3.2% respectively and came in above expectations for a smaller increase of 2.0% in exports and 1.0% in imports. The German current account surplus swelled to €25.1 billion following August’s surplus of €13.3 billion and above the €21.7 billion anticipated by economists.

Switzerland will release its October unemployment rate which is favored to rise by 0.1% to 3.3% from September’s level of 3.2%. The seasonally adjusted unemployment rate is set to remain unchanged at 3.4%. The Swiss Franc could come under pressure if the expected increase in the unemployment rate will be confirmed. Trading binary options offers traders a low trade cost alternative to traditional assets which directly impacts the bottom line of the portfolio.

Today’s Binary Option Trading Recommendations Overview:

AUD/USD – Binary Call Option
GBP/JPY – Binary Put Option
EUR/CHF – Binary Call Option
Gold – Binary Call Option
Nikkei 225 – Binary Put Option

Currency Pairs on today’s Radar Screen:

AUD/USD – The AUD/USD was able to reverse direction after stabilizing inside of its horizontal support level. The 50 Day Moving Average (DMA) is moving to the downside below the 200 DMA which is descending as well. The Accelerator Oscillator (AC) favors a continuation of the advance and the Relative Strength Index (RSI) is trading in neutral conditions following the drift higher from extreme oversold territory.
AUD/USD Binary Options Insights
Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading above of its horizontal support level as positive momentum is on the rise. The AUD/USD is expected to drift into its 200 DMA from where a breakout is anticipated. Binary option traders are advised to seek binary call options in the AUD/USD currency pair on dips below 0.7060 on the H1 Hourly Chart. The upside potential for this binary call option is 165 pips to 0.7225 while the downside potential is 60 pips to 0.7000. This results in a risk/reward ratio of 2.75.

GBP/JPY – The GBP/JPY started to drift lower after reaching its descending resistance level which originated from its intra-day high of 187.700 recorded on November 5th 2015 . The ascending 50 DMA is trading in tandem with the 200 DMA which is also moving higher. The AC indicates the collapse in upside pressure while the RSI is trading in neutral territory as a result of the breakdown from extreme overbought conditions.
Trade the Pound GBP/JPY
Today’s Binary Options Trading Strategy: Put Option
Price action is now trading below its descending resistance level. The GBP/JPY is anticipated to drop back down into its horizontal support level. Binary option traders are advised to seek binary put options in the GBP/JPY currency pair on rallies above 186.000 on the H1 Hourly Chart. The downside potential for this binary put option is 185 pips to 184.150 while the upside potential is 60 pips to 186.600. This results in a risk/reward ratio of 3.08.

EUR/CHF – The EUR/CHF entered a sideways trend after successfully breaking out above its horizontal support level which resulted in a momentum change to positive. The 50 DMA maintains its positions below the 200 DMA and both moving averages are drifting lower. The AC shows the build-up in positive momentum in this currency pair. The RSI is trading in neutral conditions after recovering from extreme oversold territory.
EUR/CHF Trading Chart
Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading above of its horizontal support level, but below its 50 DMA. The EUR/CHF is expected to resume its uptrend. Binary option traders are advised to seek binary call options in the EUR/CHF currency pair on dips below 1.0800 on the H1 Hourly Chart. The upside potential for this binary call option is 115 pips to 1.0915 while the downside potential is 35 pips to 1.0765. This results in a risk/reward ratio of 3.29.

Today’s Commodity Trade

GoldGold is depleting downside pressure inside of its horizontal support level from where a breakdown is unlikely to emerge. The descending 50 DMA continues to trade below the descending 200 DMA. The AC supports a price action reversal in this precious metal as the RSI is trading in neutral territory following the advance from extreme oversold conditions. The best binary broker offers gold as an asset to its traders.
Gold Options Trading
Today’s Binary Options Trading Strategy: Call Option
Price action is now trading inside of its horizontal support level with an increase in upside pressure. Gold is anticipated to enter a counter-trend move in order to reverse its previous descend. Binary option traders are advised to seek binary call options in Gold on dips below 1,100.00 on the H1 Hourly Chart. The upside potential for this binary call option is 7,900 pips to 1,179.00 while the downside potential is 2,850 pips to 1,071.50. This results in a risk/reward ratio of 2.77.

Today’s Equity Index Recommendation

Nikkei 225 – The Nikkei 225 is faced with a momentum change from positive to negative after completing a breakdown below its horizontal resistance level. The 50 DMA is moving higher and remains above the 200 DMA which is advancing as well. The AC confirms the momentum change as upside pressure is descending. The RSI is trading in neutral conditions as a result of its move lower from extreme overbought territory.
Nikkei 225 Index Price Chart
Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below of its horizontal resistance level. The Nikkei 225 is expected to enter a corrective phase from current levels. Binary option traders are advised to seek binary put options in the Nikkei 225 equity index on rallies above 19,500.0 on the H1 Hourly Chart. The downside potential for this binary put option is 87,000 pips to 18,630.0 while the upside potential is 18,000 pips to 19,680.0. This results in a risk/reward ratio of 4.83.

Key Fundamental Data:

Japan – The current account surplus for the month of September came in at ¥1,468.4 billion and the trade surplus rose to ¥82.3 billion. This followed August’s current account surplus of ¥1,653.1 billion and trade deficit of ¥326.1 billion respectively. Expectations called for a current account surplus of ¥2,154.0 billion and a trade surplus of ¥85.3 billion.
Japan – Bank lending posted an increase of 2.5% in October which was 0.1% below the previous month’s increase of 2.6%.
United Kingdom – BRC like-for-like sales contracted by 0.2% in October year-over-year. This came in well below the expected increase of 0.8% and the 2.6% rise which was reported in September.
Australia – NAB Business Conditions for the month of October came in at 9 as NAB Business Confidence clocked in at 2 following September’s reading of 9 and 5 respectively.
Australia – Home loans for the month of September were reported at an increase of 2.0% after August’s increase of 1.5%. Investment lending dropped 8.5% and the value of loans increased by 3.0% in September. This marked a decrease over the previous month’s contraction of 0.1% and increase of 4.3%.
China – The consumer price index (CPI) for October rose 1.3% year-over-year while the producer price index contracted by 5.9%. This followed September’s increase of 1.6% and contraction of 5.9% respectively.
Japan – Economists anticipate an increase of 0.6 points to 48.1 in The Eco Watchers Survey Current Index for October and a rise of 0.2 points to 49.3 in the Eco Watchers Survey Outlook.
Eurozone – Expectations for Finish industrial production call for a contraction of 0.9% in September year-over-year. This would represent a slowdown in the rate of contraction over August’s drop of 2.3%.
Eurozone – French industrial production for September is anticipated to rise by 0.3% month-over-month and 0.5% year-over-year following the increase of 1.6% and 0.6% which was reported in August respectively.
Eurozone – Economists expect an increase of 0.5% in Italian industrial production for September month-over-month and 1.3% year-over-year. This would mark a reversal over the 0.5% contraction and an increase over the 1.0% expansion reported in the previous month.
Eurozone – The Greek consumer price index (CPI) for October is favored to contract by 1.6% year-over-year and the EU harmonized CPI is called lower by 0.6% following September’s contraction of 1.7% and 0.8% respectively.
United States – Economists anticipate wholesale inventories for September to clock in at 0.0% and wholesale trade sales to post a contraction of 0.1% month-over-month after posting an increase of 0.1% and a contraction of 1.0% in August.

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Adam Stone
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Adam Stone

As COO of GOptions, my first and foremost goal is to provide traders with the most up to date info from the markets. I have been trading the markets since 2004 and have been involved with stocks, binary options, and forex trading since then. I have had no formal market education and pride myself on a self taught approach to everything related to trading. I try to focus though on both the technical and fundamental aspects related to each trading day and bring forward the most important aspects of risk/reward in the market.
Adam Stone
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